Rosemont Apartments, Concord, CA

Concord, CA – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Rosemont Apartments in Concord, Cal.

The new owner plans $450 thousand worth of renovations for the 48-unit multifamily community, which has 47 large self-storage units.

Casey Davis

“This is the eighth acquisition we have made in the East Bay of San Francisco, with many more exciting projects planned in the near term,” said Casey Davis, 29SC’s Vice President of Acquisitions for California.

 “Rosemont is the only apartment community in the immediate area with self-storage, a highly-desirable feature for individuals and families. 

"Nearby, Bay Area Rapid Transit (BART) stops provide easy access to numerous work, recreation and education centers in one of the most competitive housing markets in the U.S.”

Spillover from San Francisco and Oakland has created a tight rental market throughout the East Bay, as limited housing supply can’t keep up with significant demand. 

Concord, the largest city in fast-growing Contra Costa County, is the most affordable city in the affluent I-680 corridor. Concord rents are considerably less expensive than neighboring Pleasant Hill and Walnut Creek.

For investment inquiries, contact:

Stan Beraznik, Founder and Managing Principal at 29th Street Capital

415.643.6875 | sberaznik@29thstreetcapital.com

www.29thstreetcapital.com.

For a complete copy of the company’s news release, please contact:

Thornton Communications

p:404-932-4347 | e:Terri@TerriThornton.com | w:www.TerriThornton.com

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